According to the monetarists and new classical economists,
a. only anticipated monetary policy actions will affect output and employment in the short run.
b. only unforeseen monetary policy actions will affect output and employment in the short run.
c. both anticipated and unanticipated monetary policy actions will affect output and employment in the short run.
d. both anticipated and unanticipated monetary policy actions will affect output but not employment in the short run.
e. none of the above.
E
You might also like to view...
Which of the following nations spends more per person on healthcare?
A) Switzerland B) United Kingdom C) Germany D) None of the above nations spend more on healthcare.
If firms execute a strategy that triggers a permanent punishment, the result in an indefinitely repeated game is
A) undefined. B) the non-cooperative Nash equilibrium. C) the collusive Nash equilibrium. D) economically inefficient.